The fees outlined below are effective 01 March 2025. The following fees and charges may apply to all business loans.
These should be read in conjunction with the fees and charges specified for the product in your agreement schedule.
Administration charges
| Fee type | Fee amount |
|---|---|
| Application Fee |
Negotiated |
| Solicitor's Fee |
At cost |
| Valuation Fee |
At cost |
| Production Fee for a Third Party to Produce a Document |
At cost |
| Bank Cheques |
At cost |
| Commercial Loan Administration Fee | $75 per month |
| Annual Review Fee | $250.00 |
| Line Fee | Negotiated |
| Title Consent Fee | $105.00 |
| Discharge of Mortgage Fee | |
| Without settlement (per document) | $350.00 |
| With settlement (per document) | $395.00 |
| Withdrawal of Caveat Fee | |
| Without settlement (per document) | $55.00 |
| With settlement (per document) | $160.00 |
| Rate lock-in fee | $650.00 |
| A Fixed Rate Adjustment Cost fee may apply if the Fixed Rate Loan is not fully drawn, part of the loan is prepaid, or the product is switched prior to the fixed rate period ending. | |
|
A Break Cost fee may apply if the Fixed Rate Home Loan is paid out any time prior to the fixed rate period ending.
|
|
Construction loan charges
| Fee type | Fee amount |
|---|---|
| Construction Progress Payments Charged per claim. |
$150.00 |
| Total Progress Payment Inspection Fees |
At cost |
Variation of contract fees
| Fee type | Fee amount |
|---|---|
| Top Up Fee | Negotiated |
| Partial Security Release Fee | Negotiated |
General fees
| Fee type | Fee amount |
|---|---|
| Over Limit Management Fee Charged when an overdraft or line of credit account exceeds the approved limit by more than $50 during the month. |
$10.00 |
| Late Payment Notification Fee Charged when a payment to a commercial loan becomes overdue by 11 days and 30 days. |
$5.00 |
| Management Administration Fee Charged monthly when a payment to a commercial loan becomes overdue by more than 90 days. |
$50.00 |
| Collection Agent Administration Fee Payable when a payment to a commercial loan becomes overdue for more than 90 days and we choose to engage an external collection agent. |
$100.00 |
Other fees
| Fee type | Fee amount |
|---|---|
| Statement Retrieval Fee Payable on request to issue a copy of a previously issued statement. |
$2.50 |
| External Dishonour Fee | |
| Direct debit | $6.00 |
| Manual trace | $40.00 |
Government charges
State and Federal Governments apply various charges relating to the loan amount, Security, purchase of Property and Property Settlement, for example:
- Stamp duty
- Registration/discharge of Securities
- Duty on duplicate documents
- Searches of land titles
Where applicable these fees and charges are payable by yourself in addition to those shown above.
Further details of applicable government charges are available upon request at any P&N branch or from your Relationship Manager.
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Important information
Banking and Credit products issued by Police & Nurses Limited (P&N Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Eligibility criteria, terms & conditions, fees & charges apply.
P&N Bank can change the standard fees and charges that apply to loan accounts from time to time. Please refer to the terms of your credit contract.
*These fees cover costs we pay to provide a product or service you ask for. We pass these costs on to you. The fee may vary depending on what is provided.